U.S. colleges and universities may spend millions for research, but there is one subject they consistently neglect: themselves. It was not until 1949 that the Association of American Universities finally set up a twelve-man Commission* to make a thorough investigation of the financial crisis in U.S. higher education. Last week the commission's long-awaited final reports were published by Columbia University Press—Financing Higher Education in the United States, by the commission's Executive Director, Economist John D. Millett of Columbia, and the 'Nature and Needs of Higher Education, by the full commission.
With funds from both the Rockefeller Foundation and Carnegie Corporation, the commission...
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